Fanuc (OTCMKTS:FANUY) Announces Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Fanuc (OTCMKTS:FANUY) issued its earnings results on Friday. The industrial products company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.05, Zacks reports. Fanuc had a net margin of 20.11% and a return on equity of 9.60%.

Fanuc Stock Up 6.8%

Shares of FANUY traded up $1.21 during trading hours on Friday, hitting $18.92. The company had a trading volume of 127,001 shares, compared to its average volume of 491,680. The business has a fifty day moving average of $18.95 and a 200-day moving average of $20.94. The firm has a market cap of $37.17 billion, a price-to-earnings ratio of 30.52, a PEG ratio of 2.54 and a beta of 1.07. Fanuc has a 12 month low of $15.11 and a 12 month high of $27.54.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on FANUY. Citigroup downgraded Fanuc from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 17th. UBS Group lowered Fanuc from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Fanuc has an average rating of “Moderate Buy”.

Fanuc Company Profile

Fanuc Corp. is a Japanese manufacturer of factory automation equipment and industrial robotics headquartered in Yamanashi, Japan. The company provides automation technologies used in manufacturing, including computer numerical control (CNC) systems, servo motors and amplifiers, and related control software and hardware.

Fanuc’s product portfolio includes industrial robots and collaborative robots, as well as automated machining and production systems. Its portfolio also includes ROBODRILL machining centers, ROBOSHOT electric injection molding machines, ROBOCUT wire-cut electrical discharge machines, and systems designed to connect, monitor and optimize factory equipment.

The company traces its origins to research and development in numerical control and servo technologies at Fujitsu during the 1950s and became an independent company in 1972.